Quarterly Financial Report

Size: px
Start display at page:

Download "Quarterly Financial Report"

Transcription

1 Quarterly Financial Report March 31, 2014

2 Table of Contents I. Financial Statements 1 Balance Sheet Income Statements II. Main Financial Ratios 2 III. Details of Loan Portfolio 3 IV. Details of Paid-in Capital 5 For further information, please visit our web site at: Contacts : Gabriel Felpeto Ph (58-212) Antonio Recine Ph (58-212) Manuel Valdez Ph (58-212) Janet Rea Ph (58-212) DISCLAIMER THE FOLLOWING FINANCIAL STATEMENTS FOR THE PERIOD STATED THEREIN ARE FOR GENERAL INFORMATION PURPOSES ONLY. THE AFOREMENTIONED STATEMENTS HAVE NOT BEEN INDEPENDENTLY AUDITED NOR APPROVED BY CORPORACIÓN ANDINA DE FOMENTO S BOARD OF DIRECTORS. AS SUCH, SAID FINANCIAL STATEMENTS MAY MATERIALLY CHANGE. CORPORACIÓN ANDINA DE FOMENTO ( CAF ) DOES NOT EXPRESS ANY OPINION AS TO THE STATEMENTS THEMSELVES OR THE RESULTS THEREIN. ADDITIONALLY, CAF DOES NOT GUARANTE IN ANY MANNER THE ACCURACY OF THE CONTENTS THEREIN AND DOES NOT TAKE ANY RESPONSIBILITY FOR THEIR USE. NOTHING IN THIS DOCUMENT SHALL BE INTERPRETED AS A WAIVER OF THE IMMUNITIES AND PRIVILEGES GRANTED TO CAF BY ANY OF ITS SHAREHOLDER COUNTRIES.

3 I. Financial Statements (unaudited) Balance Sheet (In thousands of US$) March 31, Assets Liquidity Loan portfolio Allowance for losses Equity investments Other assets Total Assets Liabilities Deposits received Commercial paper Bonds Borrowings and other obligations Other liabilities Total Liabilities Stockholders' Equity Paid-in capital (authorized capital US$ 10,000 millions) Reserves Retained earnings and other Total Stockholders' Equity Total Liabilities and Stockholders' Equity Income Statement (In thousands of US$) For the three months ended March 31, Income Interest Other Total Income Expenses Interest Provisions Administrative Other Total Expenses Innefectiveness arising from fair value hedges and other changes in fair value Net Income CAF s Quarterly Financial Report 1

4 II. Main Financial Ratios (based on unaudited interim figures) As of March 31, Profitability ROA 0,6% 0,4% ROE 2,3% 1,5% Net Interest Margin 0,9% 0,9% Asset Quality Overdue Loans (thousands of US$) 0 0 Non-accrual loans (thousands of US$) Overdues /Loan portfolio 0,0% 0,0% Non-Accruals / Loan Portfolio 0,00% 0,05% Allowance/Loan portfolio 0,2% 0,8% Loans written-off in the year (thousands of US$) 0 0 Capitalization Gearing (times) 2,4 2,4 Leverage (times) 2,6 2,7 Liquidity Liquid Assets/ Financial Liabilities 44,2% 37,0% Liquid Assets / Total Assets 30,9% 26,1% CAF s Quarterly Financial Report 2

5 III. Details of Loan Portfolio Loan portfolio distribution by country (in US$ thousands): As of March 31, As of December 31, Argentina Bolivia Brazil Colombia Costa Rica Dominican Republic Ecuador Jamaica Mexico Panama Paraguay Peru Spain Uruguay Venezuela Total Adjustment* Total * Fair value adjustment on hedging activities Loan portfolio by country as of March 31, 2014 Peru 14,1% Paraguay 1,1% Panama 6,1% Mexico 0,9% Jamaica 0,03% Uruguay Spain 2,1% 1,1% Ecuador 14,9% Dominican Republic 1,0% Venezuela 16,2% Costa Rica 0,7% Colombia 10,4% Argentina 13,9% Brazil 7,6% Bolivia 9,8% CAF s Quarterly Financial Report 3

6 Loan portfolio distribution by institutional sector (in US$ thousands): As of March 31, As of December 31, Public Sector Private Sector Total Adjustment* Total * Fair value adjustment on hedging activities Loan portfolio by institutional sector as of March 31, 2014 Private Sector 19% Public Sector 81% CAF s Quarterly Financial Report 4

7 IV. Details of Paid-in Capital Paid-in Capital as of March 31, 2014 (in US$ thousands): ORDINARY CAPITAL Stockholders Series "A" Series "B" Series "C" Total Ordinary % Argentina ,8% Bolivia ,3% Brazil ,3% Colombia ,4% Ecuador ,3% Panama ,3% Paraguay ,7% Peru ,8% Uruguay ,6% Venezuela ,4% Chile ,7% Costa Rica ,4% Dominican Republic ,8% Jamaica ,0% Mexico ,5% Portugal ,2% Spain ,4% Trinidad & Tobago ,0% Commercial Banks ,1% Total % Paid-in capital as of March 31, 2014 Uruguay 2,6% Venezuela 18,4% Spain 4,4% Others 5,6% Argentina 8,8% Bolivia 5,3% Paraguay 1,7% Panama 2,3% Brazil 8,3% Peru 18,8% Ecuador 5,3% Colombia 18,4% CAF s Quarterly Financial Report 5

Quarterly Financial Report

Quarterly Financial Report Quarterly Financial Report September 30, 2009 Table of Contents I. Financial Statements 1 Balance Sheet Income Statements II. Main Financial Ratios 2 III. Details of Loan Portfolio 3 IV. Details of Paid-in

More information

WHAT S NEXT FOR MOBILE PAYMENTS?

WHAT S NEXT FOR MOBILE PAYMENTS? WHAT S NEXT FOR MOBILE PAYMENTS? ? INSIGHT FROM LATIN AMERICA: WHAT S NEXT FOR MOBILE PAYMENTS? Mobile technology opens new opportunities for both financial institutions and merchants in Latin America.

More information

José González de Castejón (787) 759-9094 Ana Calvo de Luis (212) 350-3903 Margie Alvarez (787) 250-3025

José González de Castejón (787) 759-9094 Ana Calvo de Luis (212) 350-3903 Margie Alvarez (787) 250-3025 Santander BanCorp Press release For more information contact: Puerto Rico New York José González de Castejón (787) 759-9094 Ana Calvo de Luis (212) 350-3903 Margie Alvarez (787) 250-3025 SANTANDER BANCORP

More information

Tourism Statistical Yearly Report 2012

Tourism Statistical Yearly Report 2012 Tourism Statistical Yearly Report 2012 The Costa Rica Tourism Board is pleased to present the Tourism Statistical Yearly Report 2012. The information has been collected and organized by officers of Subproceso

More information

INTERNATIONAL FACTORING

INTERNATIONAL FACTORING INTERNATIONAL FACTORING November 3, 2011 1 L. Gabriel Segura President and founding officer of CVCredit Inc, a Miami-based company which focuses in USA-domestic and international factoring services. Nine

More information

MEMORANDUM OF UNDERSTANDING. between ASIAN DEVELOPMENT BANK. and CORPORACION ANDINA DE FOMENTO

MEMORANDUM OF UNDERSTANDING. between ASIAN DEVELOPMENT BANK. and CORPORACION ANDINA DE FOMENTO MEMORANDUM OF UNDERSTANDING between ASIAN DEVELOPMENT BANK and CORPORACION ANDINA DE FOMENTO 2011 2015 This Memorandum of Understanding (hereinafter referred to as the Agreement ) is entered into on this

More information

TECHNICAL NOTE PROPOSAL INTERNATIONAL ACCOUNTING STANDARD IAS 2 INVENTORIES

TECHNICAL NOTE PROPOSAL INTERNATIONAL ACCOUNTING STANDARD IAS 2 INVENTORIES TECHNICAL NOTE PROPOSAL INTERNATIONAL ACCOUNTING STANDARD IAS 2 INVENTORIES I. BACKGROUND 1. As a result of the meeting of the Central Bank Accounting and Budget Committee held between July 11 and 13,

More information

Manufacturing. Sector

Manufacturing. Sector Manufacturing Sector Introduction Taking into account its interest in and knowledge of your business, Grupo Bancolombia*, through its subsidiaries, offers different financial solutions to industry. We

More information

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q3 2015 DALLAS - October 21, 2015

More information

Bank of Virginia announces Third Quarter 2006 Results

Bank of Virginia announces Third Quarter 2006 Results FOR IMMEDIATE RELEASE: November 10, 2006 FOR MORE INFORMATION, CONTACT: KENNETH P. MULKEY, Senior Vice President and Chief Financial Officer AT (804) 744-7576 Bank of Virginia announces Third Quarter 2006

More information

The Healthcare and Health Tourism. Sector

The Healthcare and Health Tourism. Sector The Healthcare and Health Tourism Sector Introduction For Bancolombia being an ally of healthcare institutions means to accompany, advise, and offer alternatives to make your projects become a reality.

More information

Recognition of Judgments 2016

Recognition of Judgments 2016 The United Nations High Commissioner for Refugees, Sin Fronteras, the Inter-American Commission on Human Rights, and the Asociación Mexicana de Impartidores de Justicia A.C. CALL FOR PROPOSALS Recognition

More information

QUARTERLY REPORT 2015

QUARTERLY REPORT 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes 3 Consolidated financial statements Consolidated balance sheet ASSETS 31.12.2014 in %

More information

LTE LATIN AMERICA APRIL 2016

LTE LATIN AMERICA APRIL 2016 LTE LATIN AMERICA APRIL 2016 5G AMERICAS The Voice of 5G and LTE for the Americas 5G Americas is an industry trade organization composed of leading telecommunications service providers and manufacturers.

More information

Sovereign Ratings Methodology & Debt Management

Sovereign Ratings Methodology & Debt Management Sovereign Ratings Methodology & Debt Management Lisa M. Schineller Managing Director, Sovereign Ratings Economist, Latin America December 3, 2014 Copyright 2013 by Standard & Poor s Financial Services

More information

BBVA, a unique choice in the new normal of the financial industry. Manuel González Cid, CFO

BBVA, a unique choice in the new normal of the financial industry. Manuel González Cid, CFO BBVA, a unique choice in the new normal of the financial industry Manuel González Cid, CFO BNP Invest in Spain Conference January, 11th 2012 1 Disclaimer This document is only provided for information

More information

FedEx International Priority. FedEx International Economy 3

FedEx International Priority. FedEx International Economy 3 SERVICES AND RATES FedEx International Solutions for your business Whether you are shipping documents to meet a deadline, saving money on a regular shipment or moving freight, FedEx offers a suite of transportation

More information

Dealer. Línea Integral Autos Car Line Program. Autos (LIA): Línea Integral. The Wholesale Plan: The Retail Plan: Inventory 0 % Inventory Sales

Dealer. Línea Integral Autos Car Line Program. Autos (LIA): Línea Integral. The Wholesale Plan: The Retail Plan: Inventory 0 % Inventory Sales Automotive Sector Introduction Grupo Bancolombia is the financial partner for the Automotive Sector in Colombia and has a comprehensive portfolio designed according to your needs and those of agents that

More information

Corporación Andina de Fomento Supranational

Corporación Andina de Fomento Supranational SEPTEMBER 3, 2013 SOVEREIGN & SUPRANATIONAL CREDIT ANALYSIS Corporación Andina de Fomento Supranational Table of Contents: SUMMARY RATING RATIONALE 1 ORGANIZATIONAL STRUCTURE AND STRATEGY 2 STRENGTH OF

More information

4finance investor presentation for 3 month 2016 results. 2 June, 2016

4finance investor presentation for 3 month 2016 results. 2 June, 2016 4finance investor presentation for 3 month 2016 results 2 June, 2016 0 meur meur Highlights of First Quarter 2016 Solid results delivered Revenue up 30% to EUR 90.3 million Regulatory changes implemented

More information

Latin America s s Foreign Debt

Latin America s s Foreign Debt Latin America s s Foreign Debt Causes and Effects Internal Causes of the Debt Overvalued currency associated with ISI Returns on projects in future, but payments now: Debt trap Populist economic policies:

More information

High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2013.

High Income Fund, Inc.[NYSE: AWF] (the Fund) today released its monthly portfolio update as of April 30, 2013. News Release FOR IMMEDIATE RELEASE Contacts: Shareholder Contact: 1-800-221-5672 AllianceBernstein Global High Income Fund RELEASES MONTHLY PORTFOLIO UPDATE New York, NY, May 28, 2013 - AllianceBernstein

More information

High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of June 30, 2013.

High Income Fund, Inc.[NYSE: AWF] (the Fund) today released its monthly portfolio update as of June 30, 2013. News Release FOR IMMEDIATE RELEASE Contacts: Shareholder Contact: 1-800-221-5672 AllianceBernstein Global High Income Fund RELEASES MONTHLY PORTFOLIO UPDATE New York, NY, July 30, 2013 - AllianceBernstein

More information

BBVA: Strength in the current challenging environment

BBVA: Strength in the current challenging environment BBVA: Strength in the current challenging environment BBVA South America: A growth engine that reinforces BBVA s positive outlook Vicente Rodero, Head of BBVA South America Spanish Banks Day Ahorro Corporación.

More information

Income Measurement and Profitability Analysis

Income Measurement and Profitability Analysis PROFITABILITY ANALYSIS The following financial statements for Spencer Company will be used to demonstrate the calculation of the various ratios in profitability analysis. Spencer Company Comparative Balance

More information

High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of January 31, 2013.

High Income Fund, Inc.[NYSE: AWF] (the Fund) today released its monthly portfolio update as of January 31, 2013. News Release FOR IMMEDIATE RELEASE Contacts: Shareholder Contact: 1-800-221-5672 AllianceBernstein Global High Income Fund RELEASES MONTHLY PORTFOLIO UPDATE New York, NY, February 26, 2013 - AllianceBernstein

More information

III. INTERIM MANAGEMENT REPORT OPERATING REVENUES AND FUNDS UNDER MANAGEMENT

III. INTERIM MANAGEMENT REPORT OPERATING REVENUES AND FUNDS UNDER MANAGEMENT III. INTERIM MANAGEMENT REPORT OPERATING REVENUES AND FUNDS UNDER MANAGEMENT Direct insurance and accepted reinsurance premiums written by the Group s subsidiaries amounted to 6,476.2 million in the first

More information

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes INTERIM FINANCIAL STATEMENT AS PER

More information

MAIN TRADABLE IMPORTS TO GUATEMALA & POTENTIAL EXPORTS FOR BELIZE. Source: Directorate for Foreign Trade

MAIN TRADABLE IMPORTS TO GUATEMALA & POTENTIAL EXPORTS FOR BELIZE. Source: Directorate for Foreign Trade MAIN TRADABLE IMPORTS TO GUATEMALA & POTENTIAL EXPORTS FOR BELIZE Source: Directorate for Foreign Trade 1 List of supplying markets for a product imported by Guatemala Product : 01 Live animals Sources

More information

Challenge 1: Learning About the Physical Geography of Latin America

Challenge 1: Learning About the Physical Geography of Latin America Challenge 1: Learning About the Physical Geography of Latin America 120 W Mexican Plateau Tropic of Cancer 110 W 10 0W Rio Grande 90 W 80 W 70 W 60 W 50 W 40 W 30 W Gulf of Mexico Tropic of Cancer Sierra

More information

ECON 4311: The Economy of Latin America. Debt Relief. Part 1: Early Initiatives

ECON 4311: The Economy of Latin America. Debt Relief. Part 1: Early Initiatives ECON 4311: The Economy of Latin America Debt Relief Part 1: Early Initiatives The Debt Crisis of 1982 severely hit the Latin American economies for many years to come. Balance of payments deficits and

More information

Corporacion Andina de Fomento

Corporacion Andina de Fomento Primary Credit Analyst: Delfina Cavanagh, Buenos Aires (54) 114-891-2153; delfina.cavanagh@standardandpoors.com Secondary Contact: Elie Heriard Dubreuil, London (44) 20-7176-7302; elie.heriard.dubreuil@standardandpoors.com

More information

Interim report 1st quarter 2016

Interim report 1st quarter 2016 Interim report 1st quarter 2016 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Financial supplement 2013. Zurich Insurance Group Annual Report 2013

Financial supplement 2013. Zurich Insurance Group Annual Report 2013 Financial supplement 2013 Zurich Insurance Group Annual Report 2013 2 Contents Results for the Year ended December 31, 2013 Financial supplement (unaudited) Financial highlights (unaudited) Business operating

More information

The Globalization of Inequality

The Globalization of Inequality The Globalization of Inequality François Bourguignon Paris School of Economics Santiago, Buenos-Aires, Montevideo, October 2011 1 "Rich people are getting richer and poor people poorer" Critiques of recent

More information

Mapping Enterprises in Latin America and the Caribbean 1

Mapping Enterprises in Latin America and the Caribbean 1 Mapping Enterprises in Latin America and the Caribbean 1 WORLD BANK GROUP LATIN AMERICA AND THE CARIBBEAN SERIES NOTE NO. 1 REV. 8/14 Basic Definitions surveyed in 1 and how they are grouped for analysis:

More information

ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION

ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION OCTOBER 2006 Table of Contents 1. INTRODUCTION... 3 2. FINANCIAL RATIOS FOR COMPANIES (INDUSTRY - COMMERCE - SERVICES) 4 2.1 Profitability Ratios...4 2.2 Viability

More information

Financial Statement and Cash Flow Analysis

Financial Statement and Cash Flow Analysis Chapter 2 Financial Statement and Cash Flow Analysis Answers to Concept Review Questions 1. What role do the FASB and SEC play with regard to GAAP? The FASB is a nongovernmental, professional standards

More information

Nomura Securities Co., Ltd. Non-consolidated Balance Sheets

Nomura Securities Co., Ltd. Non-consolidated Balance Sheets ASSETS Non-consolidated Balance Sheets Nomura Securities Co., Ltd. (Millions of yen) March 31, 2014 March 31, 2015 Increase/(Decrease) Current Assets 12,488,887 13,949,399 1,460,512 Cash and time deposits

More information

The Future of Multilateralism

The Future of Multilateralism SPRING 2016 / ISSUE NO.7 The Future of Multilateralism Time for Renewal Bokova Brende DiCarlo García Genser Gowan Harland Jeffrey Kishida Kituyi Lagarde Lajčák McArthur Munter Rohlfing Shah Solana Steinmeier

More information

Education and Training

Education and Training Education and Training Education The William J. Harrington Medical Training Programs for Latin America and the Caribbean 1967 August 2011 Total 3939 Residency Program for Internal Medicine 397 Elective

More information

Goal 4. Reduce child mortality

Goal 4. Reduce child mortality Goal 4. Reduce child mortality 4.1. Introduction Target 4.A of MDG 4 reads: Reduce by two-thirds, between 1990 and 2015, the under-five mortality rate. Monitoring of this Goal consists of three indicators

More information

Territorial Bancorp Inc. Announces Second Quarter 2015 Results

Territorial Bancorp Inc. Announces Second Quarter 2015 Results PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Walter Ida (808) 946-1400 Territorial Bancorp Inc. Announces Second Quarter 2015 Results Earnings per share for the three months ended June 30, 2015 rose to

More information

Annual Report 2004 Corporación Andina de Fomento

Annual Report 2004 Corporación Andina de Fomento Annual Report 2004 Corporación Andina de Fomento ANNUAL REPORT 2004 Content Financial highlights in 2004 p. 5 Letter from the Executive President p. 7 The economic environment and regional integration

More information

Financial supplement (unaudited) 2014. Zurich Insurance Group Annual Report 2014

Financial supplement (unaudited) 2014. Zurich Insurance Group Annual Report 2014 Financial supplement (unaudited) 204 Zurich Insurance Group Annual Report 204 2 Contents Results for the year ended December 3, 204 Financial supplement (unaudited) Financial highlights (unaudited) Business

More information

Evolution of EU exports and imports of goods with CELAC, 2004-2014 (in billion)

Evolution of EU exports and imports of goods with CELAC, 2004-2014 (in billion) 100/2015-9 June 2015 EU Community of Latin American and Caribbean States (CELAC) summit CELAC represents the fifth most important trading partner of the EU More than 200 bn total trade The 28 Member States

More information

About Komplett Bank ASA. Outlook. Developments to date

About Komplett Bank ASA. Outlook. Developments to date Interim report 4th quarter 2015 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Open access policies: What can we learn from Latin America? Roxana Barrantes Instituto de Estudios Peruanos

Open access policies: What can we learn from Latin America? Roxana Barrantes Instituto de Estudios Peruanos Open access policies: What can we learn from Latin America? Roxana Barrantes Instituto de Estudios Peruanos 8.00 GDP growth 1999 2009 (percetual variation) 6.00 4.00 2.00 0.00-2.00-4.00-6.00 1999 2000

More information

Health Care Expenditure and Financing in Latin America and the Caribbean [Fact sheet]

Health Care Expenditure and Financing in Latin America and the Caribbean [Fact sheet] Health Care Expenditure and Financing in Latin America and the Caribbean [Fact sheet] December 2012 Overview of Health Expenditure and Financing Current Situation and Trends In 2011, the national or total

More information

Regional Monetary Fund: the Case for Latin America

Regional Monetary Fund: the Case for Latin America Elizaveta V. Ogloblina Assistant Professor International Banking and Finance Department Finance University under the Government of the Russian Federation Regional Monetary Fund: the Case for Latin America

More information

Logix5000 Clock Update Tool V2.00.36. 12/13/2005 Copyright 2005 Rockwell Automation Inc., All Rights Reserved. 1

Logix5000 Clock Update Tool V2.00.36. 12/13/2005 Copyright 2005 Rockwell Automation Inc., All Rights Reserved. 1 Logix5000 Clock Update Tool V2.00.36. 1 Overview Logix5000 Clock Update Tool 1. 1. What is is it? it? 2. 2. How will it it help me? 3. 3. How do do I I use it? it? 4. 4. When can I I get get it? it? 2

More information

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets 1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary

More information

FY2011 RESULTS. 1 February 2011 to 31 January INDITEX continues its global, multi-concept, multi-channel growth.

FY2011 RESULTS. 1 February 2011 to 31 January INDITEX continues its global, multi-concept, multi-channel growth. FY RESULTS 1 February to 31 January 2012 INDITEX continues its global, multi-concept, multi-channel growth. Net sales for FY reached 13.8 billion, 10% higher. Net sales in local currencies increased by

More information

José Antonio Álvarez CFO Santander Group

José Antonio Álvarez CFO Santander Group José Antonio Álvarez CFO Santander Group Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in

More information

Gap Banana Republic Old Navy Athleta Intermix. Stores Online (countries) Stores Online (countries) Stores Online (countries) Stores Franchise Stores

Gap Banana Republic Old Navy Athleta Intermix. Stores Online (countries) Stores Online (countries) Stores Online (countries) Stores Franchise Stores Gap Inc.'s Global Footprint As of the end of Q3 2016, Gap Inc. had 3,742 company operated or franchised stores in operation across 50 countries and our global brands have the ability to ship online orders

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2015

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2015 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

Foreign Exchange Awards 2017

Foreign Exchange Awards 2017 Including the All-New Corporate FX Awards In January 2017, Global Finance will publish its annual selections for the World s Best Foreign Exchange Providers. Global Finance will name the best foreign exchange

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2014

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2014 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2013

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2013 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

E.SUN FHC Financial Review of 1Q 2015

E.SUN FHC Financial Review of 1Q 2015 E.SUN FHC Financial Review of 1Q 2015 May 2015 Disclaimer This Presentation is provided by E.SUN Financial Holding Co., Ltd. ( E.SUN FHC ). E.SUN makes no guarantee or warranties as to the accuracy or

More information

Puerto Rico 2016 SERVICES AND RATES

Puerto Rico 2016 SERVICES AND RATES SERVICES AND RATES FedEx International Solutions for your business Whether you are shipping documents to meet a deadline, saving money on a regular shipment or moving freight, FedEx offers a suite of transportation

More information

QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS

QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS FOR RELEASE: Tuesday, July 28, 2015 at 4:30 PM (Eastern) QUAINT OAK BANCORP, INC. ANNOUNCES SECOND QUARTER EARNINGS Southampton, PA Quaint Oak Bancorp, Inc. (the Company ) (OTCQX: QNTO), the holding company

More information

Fostering the e-commerce ecosystem in LATAM

Fostering the e-commerce ecosystem in LATAM October 2014 Fostering the e-commerce ecosystem in LATAM Jacobo Cohen Imach General Counsel - Vicepresident of Legal & Public Affairs Current e-commerce situation 2 ecommerce is still in very early stage

More information

The experience of Peru with financial dedollariza6on. Zenón Quispe Central Reserve Bank of Peru

The experience of Peru with financial dedollariza6on. Zenón Quispe Central Reserve Bank of Peru The experience of Peru with financial dedollariza6on Zenón Quispe Central Reserve Bank of Peru 01 Content 1. Dollarization: the main vulnerability of the Peruvian economy 2. Why are we dollarized? 3. Rebuilding

More information

SAGICOR FINANCIAL CORPORATION

SAGICOR FINANCIAL CORPORATION Interim Financial Statements Nine-months ended September 30, 2015 FINANCIAL RESULTS FOR THE CHAIRMAN S REVIEW The Sagicor Group recorded net income from continuing operations of US $60.4 million for the

More information

implementing management vision looking forward five years

implementing management vision looking forward five years Results for the interim period of the year ending March 31, The Asahi Bank, Ltd. 1. Strong earnings base : Net operating profit exceeded forecast issued at the beginning of the period Sharp focus on domestic

More information

Latin America: Year in Review 2014

Latin America: Year in Review 2014 INTERNATIONAL ARBITRATION TEAM International Elevator Investment Speeches Arbitration in Latin America: Year in Review 2014 International investment arbitration also known as investment treaty arbitration

More information

May 7, 2014. Dear Shareholder,

May 7, 2014. Dear Shareholder, May 7, 2014 Dear Shareholder, CIB Marine Bancshares, Inc. (OTCQB: CIBH) is pleased to report its financial results for the quarter ended March 31, 2014. The consolidated company, CIB Marine, reported earnings

More information

Raveh Ravid & Co. CPA. November 2015

Raveh Ravid & Co. CPA. November 2015 Raveh Ravid & Co. CPA November 2015 About Us Established in 1986 by Abir Raveh, CPA & Itzhak Ravid, CPA 6 Partners, 80 employees Located in Tel Aviv, Israel wide range of professional services highly experienced

More information

CAF Research Program on Development Issues

CAF Research Program on Development Issues Objective CAF Research Program on Development Issues Call for Proposals Terms of Reference The Corporación Andina de Fomento (CAF) invites applications for its Program for the Support of Research on Development

More information

Obtaining Finance in Latin America and the Caribbean 1

Obtaining Finance in Latin America and the Caribbean 1 Obtaining Finance in Latin America and the Caribbean 1 World Bank Group latin America and the Caribbean Series Note No. REV. 8/14 Basic Definitions Countries surveyed in and how they are grouped for analysis:

More information

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS ATTACHMENTS TO THE PRESS RELEASE The consolidated Income Statements, consolidated Statements of Financial Position and the Consolidated Statements of Cash Flows as well as the Net Financial Debt of INWIT,

More information

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew

More information

News Release For Immediate Release

News Release For Immediate Release News Release For Immediate Release Contact: Thomas Duryea, President and CEO, Summit State Bank (707) 568-4920 Summit State Bank Reports Continued Profitability; Strong Margins and Deposit Growth SANTA

More information

Countries Ranked by Per Capita Income A. IBRD Only 1 Category iv (over $7,185)

Countries Ranked by Per Capita Income A. IBRD Only 1 Category iv (over $7,185) Page 1 of 5 Note: This OP 3.10, Annex C replaces the version dated September 2013. The revised terms are effective for all loans that are approved on or after July 1, 2014. Countries Ranked by Per Capita

More information

FIRST HALF 2015 RESULTS Santander made ordinary profit of EUR 3.426 billion, a 24% increase

FIRST HALF 2015 RESULTS Santander made ordinary profit of EUR 3.426 billion, a 24% increase FIRST HALF 2015 RESULTS Santander made ordinary profit of EUR 3.426 billion, a 24% increase PRESS RELEASE The first half results show the soundness and consistency of Banco Santander s business model.

More information

Senate Committee: Education and Employment. QUESTION ON NOTICE Budget Estimates 2015-2016

Senate Committee: Education and Employment. QUESTION ON NOTICE Budget Estimates 2015-2016 Senate Committee: Education and Employment QUESTION ON NOTICE Budget Estimates 2015-2016 Outcome: Higher Education Research and International Department of Education and Training Question No. SQ15-000549

More information

Domestic versus International Arbitration: Reasons for Unified or Separate Laws. Latin American countries. 4 September 2015

Domestic versus International Arbitration: Reasons for Unified or Separate Laws. Latin American countries. 4 September 2015 4 September 2015 Domestic versus International Arbitration: Reasons for Unified or Separate Laws Latin American countries Eduardo Silva Romero Partner Dechert (Paris) LLP 2014 Dechert LLP Monist regimes

More information

Prospectus. Morgan Stanley SICAV

Prospectus. Morgan Stanley SICAV Morgan Stanley Investment Management Prospectus Morgan Stanley SICAV August 4 The Company and the Funds 6 Investment objectives and policies 16 Risk factors 18 Fund transactions 19 Net asset value 22 Publication

More information

BBVA Compass. Giampaolo Consigliere, Head International Commercial Banking. Washington, DC - March, 19 th

BBVA Compass. Giampaolo Consigliere, Head International Commercial Banking. Washington, DC - March, 19 th BBVA Compass Giampaolo Consigliere, Head International Commercial Banking Washington, DC - March, 19 th 1 Banco Bilbao Vizcaya Starting from Strong Foundation Argentaria Banco Hipotecario, 1872 Banco de

More information

Investing in Latin America through Spain: Planning Opportunities

Investing in Latin America through Spain: Planning Opportunities Investing in Latin America through Spain: Planning Opportunities 11th Annual Latin American Tax Conference Miami, Florida 10-11 March 2010 Luis Carbajo, Isabel Otaola, Joaquin Kersman, Clarissa Machado,

More information

High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of September 30, 2012.

High Income Fund, Inc.[NYSE: AWF] (the Fund) today released its monthly portfolio update as of September 30, 2012. News Release FOR IMMEDIATE RELEASE Contacts: Shareholder Contact: 1-800-221-5672 AllianceBernstein Global High Income Fund RELEASES MONTHLY PORTFOLIO UPDATE New York, NY, October 31, 2012 - AllianceBernstein

More information

Peru: and financial system

Peru: and financial system December 2014 Disclaimer This document has been elaborated as a part of the information policies and transparency of BBVA Continental and contains public information, own source and provided by third parties,

More information

The Economic Impact of a U.S. Slowdown on the Americas

The Economic Impact of a U.S. Slowdown on the Americas Issue Brief March 2008 Center for Economic and Policy Research 1611 Connecticut Ave, NW Suite 400 Washington, DC 20009 tel: 202-293-5380 fax:: 202-588-1356 www.cepr.net The Economic Impact of a U.S. Slowdown

More information

About Komplett Bank ASA. Outlook. Developments to date

About Komplett Bank ASA. Outlook. Developments to date Interim report 3 rd quarter 2015 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

AMERICAN EXPRESS CENTURION BANK

AMERICAN EXPRESS CENTURION BANK AMERICAN EXPRESS CENTURION BANK This supplement highlights selected information about American Express Centurion Bank ( AECB, or the Bank ) and the information presented below is qualified in its entirety

More information

Argentina s Economy: A death foretold again, or a surprise rescue? Claudio M. Loser Centennial- Latin America March 2014

Argentina s Economy: A death foretold again, or a surprise rescue? Claudio M. Loser Centennial- Latin America March 2014 Argentina s Economy: A death foretold again, or a surprise rescue? Claudio M. Loser Centennial- Latin America March 214 Argentine performance tended to be ahead the world and even the Emerging Economies

More information

Ratio Analysis CBDC, NB. Presented by ACSBE. February, 2008. Copyright 2007 ACSBE. All Rights Reserved.

Ratio Analysis CBDC, NB. Presented by ACSBE. February, 2008. Copyright 2007 ACSBE. All Rights Reserved. Ratio Analysis CBDC, NB February, 2008 Presented by ACSBE Financial Analysis What is Financial Analysis? What Can Financial Ratios Tell? 7 Categories of Financial Ratios Significance of Using Ratios Industry

More information

FCPA and Anti-Corruption in Latin America

FCPA and Anti-Corruption in Latin America FCPA and Anti-Corruption in Latin America May 2011 FCPA Enforcement "FCPA enforcement is stronger than it's ever been and getting stronger. We are in a new era of FCPA enforcement; and we are here to stay."

More information

THE LOW INTEREST RATE ENVIRONMENT AND ITS IMPACT ON INSURANCE MARKETS. Mamiko Yokoi-Arai

THE LOW INTEREST RATE ENVIRONMENT AND ITS IMPACT ON INSURANCE MARKETS. Mamiko Yokoi-Arai THE LOW INTEREST RATE ENVIRONMENT AND ITS IMPACT ON INSURANCE MARKETS Mamiko Yokoi-Arai Current macro economic environment is of Low interest rate Low inflation and nominal wage growth Slow growth Demographic

More information

Receivables Management Solutions

Receivables Management Solutions Receivables Management Solutions Unlock trapped liquidity, reduce costs and make collections more predictable Citi Transaction Services Latin America and Mexico Citi Transaction Services Latin America

More information

Financial Term Definitions

Financial Term Definitions Financial Term Definitions BALANCE SHEET Cash and Due from Banks Cash, petty cash, balances in banks, including noninterest bearing deposits Reserves from Central Bank Cash reserves in a central bank Short

More information

The Korea-LAC Scholarship Program (KLSP) Improving Public Management in Latin America and the Caribbean

The Korea-LAC Scholarship Program (KLSP) Improving Public Management in Latin America and the Caribbean The Korea-LAC Scholarship Program (KLSP) Improving Public Management in Latin America and the Caribbean Quality public management is a powerful tool for generating further development. Dynamic civil servants

More information

Maria José Lemaitre Mathew Anderson CHEA 2010

Maria José Lemaitre Mathew Anderson CHEA 2010 Maria José Lemaitre Mathew Anderson CHEA 2010 Background Case Examples: Nicaragua and Chile Trends Lessons learned 2 3 Quality assurance of higher education has become an important global trend. Nearly

More information

Izola Bank p.l.c. First Half 2010 Results - Highlights

Izola Bank p.l.c. First Half 2010 Results - Highlights First Half 2010 Results - Highlights Review of Performance Profit before tax of 781,522 for the six months ended 30 June 2010 down 56,058 or 6.7 per cent, compared with 837,580 for the same period in 2009.

More information

UNHCR, United Nations High Commissioner for Refugees

UNHCR, United Nations High Commissioner for Refugees Belgium 22 Jul 1953 r 08 Apr 1969 a Belize 27 Jun 1990 a 27 Jun 1990 a Benin 04 Apr 1962 s 06 Jul 1970 a Bolivia 09 Feb 1982 a 09 Feb 1982 a Bosnia and Herzegovina 01 Sep 1993 s 01 Sep 1993 s Botswana

More information

The objective of this call is the regulation of the awards of the two competitions that will form the Official Section

The objective of this call is the regulation of the awards of the two competitions that will form the Official Section 21th EDITION FROM OCTOBER 28th TO NOVEMBER 5th 2016 CALL FOR AWARDS - 21st OURENSE INTERNATIONAL FILM FESTIVAL 1. OBJECTIVE The objective of this call is the regulation of the awards of the two competitions

More information

POST SHOW REPORT. June 15 17, 2016 ATLAPA Convention Center Panama City, Republic of Panama ==

POST SHOW REPORT. June 15 17, 2016 ATLAPA Convention Center Panama City, Republic of Panama == POST SHOW REPORT June 15 17, 2016 ATLAPA Convention Center Panama City, Republic of Panama == The 2016 LATIN AUTO PARTS EXPO was a roaring success! Number of Exhibitors: 370 Statistical Data A Record-Breaking

More information

PRESS RELEASE. Loyal customers grew by 1.2 million, to 13.8 million, and digitally active customers by 2.5 million, to 16.6 million.

PRESS RELEASE. Loyal customers grew by 1.2 million, to 13.8 million, and digitally active customers by 2.5 million, to 16.6 million. 2015 RESULTS Banco Santander delivers on its targets and earns EUR 5.966 million (+3%), with strong underlying performance of 13% based on increasing customer satisfaction and loyalty PRESS RELEASE In

More information

Esteban Pérez Caldentey Development Studies Section Economic Commission for Latin America and the Caribbean (ECLAC)

Esteban Pérez Caldentey Development Studies Section Economic Commission for Latin America and the Caribbean (ECLAC) The Challenge of Financing Business in Latin America and the Caribbean The Future of the Financial Services Industry after the Crisis 14th Caribbean Business Executive Seminar Port-of of-spain, Trinidad

More information